Common use of Estimated duration Clause in Contracts

Estimated duration. The contract will be carried out over an initial firm period of four (4) years and an optional period of two (2) years. The contract is expected to come into force in the first quarter of 2023.

Estimated duration. ‌ The contract will be carried out over an initial firm period of four (4) years and an optional period of two (2) Contract duration is 3 years. The contract is expected scheduled to come into force in the first second quarter of 20232025. The overall supply is foreseen in several batches until from 2025 to 2028.